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Poster: billydlions Date: Nov 3, 2010 6:45pm
Forum: GratefulDead Subject: Re: It's too expensive to live forever

Ironically enough, I actually believe the tea party is correct, even if their motives are dubious. We need to find a way to cut almost 1 tril in spending from the budget and everything has to be on the table. This will be very painful for many people but necessary for survival. Just look at what's happening to Japan because that's the road we are traveling (see that link I sent Mando). The bottom line is our country is going through a big secular shift (typically happens every 100 years). In 15 years the boomers will be between 65-80, so the situation gets even worse- our biggest demographic will work against economic growth, draining our coffers through entitlements. Add to this the potential hyper inflation that the Fed is trying its best to cause which will skyrocket the cost of our debt through higher interest rates. The Keynesian end game will soon be here when our interest is greater than our tax revenues. I could babble on and on so I'll shut up.

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Poster: William Tell Date: Nov 3, 2010 9:36pm
Forum: GratefulDead Subject: Re: It's too expensive to live forever

The only irony is that ever prior prediction of stall, and I mean in all domains (energy, economic, population, industrial), has generally been followed by an unforseen change in underlying assumptions (re: Malthus, industrial revolution, green revolution, on down the line the past 200 yrs), and off we go again...don't get me wrong, I am a realist, and in no way sit around hoping for the next "techno/newage/whoa!who'dofthunkit!?" solution to fall into our lap, but it does make the Polly Anna response had to defend against...if you follow. But, in a sense, "the grow our way out of it" approach is what we always end up doing, one way or another, generally by something new coming along that alters the parameters at hand, whatever the domain.